How to play Mojo: The Sports Stock Market

Are you a sports fan? Any interest in the stock market? Do you wish you could invest in something you actually know – like sports?  If the answer to these questions is “yes”, then Mojo might be for you.

Mojo has found a way to combine elements of fantasy sports, betting and trading stocks in a unique platform. You can use your sports knowledge and the ability to predict how players will perform to make real money. All that matters is how your players do, unlike a traditional fantasy league, where you can be defeated by a team that had a better week.

When it comes to Mojo, think DraftKings meets Robinhood. You are investing in the entire career of an athlete. The players are treated like stocks, and you can buy or sell shares of them at any time, all year round. Let’s take a look at everything you need to know about Mojo, including how to sign up, how to play and more.

What Is Mojo?

Mojo is a new sports stock market, co-founded by baseball legend Alex Rodriguez and serial entrepreneur Marc Lore. The app launched in September 2022 and is available in the Apple App Store with Android coming soon.

Mojo is the ultimate asset in sports a new way to invest in an athlete’s career performance, just like a stock. Finally, you can turn your sports knowledge into real cash by investing in what you know.

The share price is the market’s expectations for an athlete’s career performance. Prices rise and fall with every hit, huddle and headline. You can buy and sell instantly, or hold for as long as you want. 

Instead of drafting a team of players, which is the case for fantasy sports, Mojo allows you to create a portfolio with players who you think are underrated (or overrated). You can trade those players like stocks, or hold onto the shares long term. If an athlete performs well, his price goes up. If he plays poorly, his price goes down. 

What are the best Mojo Promotions?

Mojo is offering free shares up to $10,000 for all new New Jersey-based customers. 

How do I play on Mojo?

Want to learn how Mojo works? Here’s a quick explanation of how to play.

Mojo might seem confusing if you’ve never traded stocks, but the concept isn’t difficult to understand. You build a portfolio by purchasing shares of players. You can trade those shares instantly at any point during the sports calendar. Share prices change in real time based on player performance, and you can cash out whenever you want. 

Shorting is also an option with Mojo. This feature allows you to bet against players and earn a profit if they perform poorly on the field. 

Pros of Mojo

• Trade whenever you want
• Cash out anytime
• Simple, intuitive design
• Objective, guaranteed payouts.

Cons

• Can only play in New Jersey when Mojo first launches (Not in Jersey? You can still compare athletes and see real-time price movement)
• Launching for NFL skill positions only (QB, RB, WR, TE)

What sports can you play on Mojo?

Mojo will only offer one sport to play for its launch. Mojo will be starting with the NFL, but the company has a vision to expand to every sport possible over time. 

How do you win on Mojo?

Think a player is underrated? Go Long to make money as the stock price rises.

Think a player is overrated? Go Short to make money as the stock price drops.

You can buy the dip, sell at the peak or hold a rising superstar. You’re in control. And you can customize your risk/reward and juice your returns with free Multipliers.

To win money on Mojo, you must sell shares of a player for more money than what you spent to buy those shares. It’s just like trading stocks. Prices on Mojo move up and down based on the market’s expectation for a player’s career.

Is it legal? Is my money safe? 

Mojo is state-licensed by the New Jersey Division of Gaming Enforcement and backed by world-class investors like Thrive Capital, Tiger Global and the NFL Player’s Association. 

They comply with all state and federal gaming regulations, making transactions as safe (if not safer) than any online purchase.